REGISTERED NUMBER: 14000779 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

P J Grab Hire Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P Jones

T Jones

REGISTERED OFFICE:

Northfields

Government Road

Aldershot

Hampshire

GU11 2PU

REGISTERED NUMBER:

14000779 (England and Wales)

ACCOUNTANTS:

J.Y. Limited

Rangefield Court

Farnham Trading Estate

Farnham

Surrey

GU9 9NP

FIXED ASSETS

Tangible assets

4

67,010

93,895

CURRENT ASSETS

Debtors

5

33,288

11,334

Cash at bank

621

1,375

33,909

12,709

CREDITORS

Amounts falling due within one year

6

169,144

132,802

NET CURRENT LIABILITIES

(135,235

)

(120,093

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(68,225

)

(26,198

)

CREDITORS

Amounts falling due after more than one year

7

35,792

61,247

NET LIABILITIES

(104,017

)

(87,445

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(104,117

)

(87,545

)

SHAREHOLDERS' FUNDS

(104,017

)

(87,445

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 July 2025 and were signed on its behalf by:

T Jones - Director

1.	STATUTORY INFORMATION

P J Grab Hire Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

The company's balance sheet shows an excess of liabilities over assets. The company is reliant on the continuation of support from the directors and therefore feel it is appropriate to prepare the financial statements on a going concern basis., which assumes that the company will continue to trade and to be able to meet its liabilities for the foreseeable future.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 April 2024

159,125

Additions

17,207

At 31 March 2025

176,332

DEPRECIATION

At 1 April 2024

65,230

Charge for year

44,092

At 31 March 2025

109,322

NET BOOK VALUE

At 31 March 2025

67,010

At 31 March 2024

93,895

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

At 1 April 2024

and 31 March 2025

126,000

DEPRECIATION

At 1 April 2024

55,500

Charge for year

31,500

At 31 March 2025

87,000

NET BOOK VALUE

At 31 March 2025

39,000

At 31 March 2024

70,500

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

6,768

9,700

Other debtors

26,520

1,634

33,288

11,334

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

25,455

22,242

Trade creditors

23,306

17,300

Taxation and social security

10,199

1,918

Other creditors

110,184

91,342

169,144

132,802

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

35,792

61,247